HealthStream, Inc. $HSTM Stock Holdings Decreased by Punch & Associates Investment Management Inc.

Key Points

• Punch & Associates Investment Management Inc. has reduced its holdings in HealthStream, Inc. by 22.7%, now owning approximately 613,971 shares after selling 180,723 shares during the first quarter.
• HealthStream has announced a quarterly dividend of $0.031 per share, representing a 0.4% yield, with a dividend payout ratio of 17.91%.
• Recent analyst updates include a downgrade of HealthStream's target price from $29.00 to $28.00 by Canaccord Genuity Group, maintaining a "hold" rating for the stock.

Punch & Associates Investment Management Inc. trimmed its position in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 22.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 613,971 shares of the technology company's stock after selling 180,723 shares during the period. HealthStream makes up about 1.3% of Punch & Associates Investment Management Inc.'s holdings, making the stock its 18th biggest holding. Punch & Associates Investment Management Inc. owned 2.01% of HealthStream worth $19,758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HSTM. Copeland Capital Management LLC increased its stake in HealthStream by 101.3% during the first quarter. Copeland Capital Management LLC now owns 763,690 shares of the technology company's stock worth $24,576,000 after acquiring an additional 384,384 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of HealthStream by 2.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 424,790 shares of the technology company's stock worth $13,670,000 after purchasing an additional 10,003 shares during the period. Northern Trust Corp grew its holdings in shares of HealthStream by 26.0% during the 1st quarter. Northern Trust Corp now owns 386,127 shares of the technology company's stock worth $12,426,000 after purchasing an additional 79,687 shares during the period. Jacobs Levy Equity Management Inc. increased its position in HealthStream by 30.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 216,906 shares of the technology company's stock worth $6,980,000 after purchasing an additional 51,070 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in HealthStream by 90.4% in the first quarter. Robeco Institutional Asset Management B.V. now owns 145,222 shares of the technology company's stock valued at $4,673,000 after buying an additional 68,962 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

Insider Activity

In related news, EVP Kevin P. O'hara sold 2,000 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $27.97, for a total value of $55,940.00. Following the transaction, the executive vice president owned 17,137 shares in the company, valued at approximately $479,321.89. The trade was a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 20.50% of the company's stock.

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their price objective on shares of HealthStream from $29.00 to $28.00 and set a "hold" rating for the company in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, HealthStream presently has an average rating of "Moderate Buy" and a consensus price target of $31.00.

HealthStream Stock Down 1.3%

Shares of HSTM traded down $0.36 during mid-day trading on Wednesday, reaching $28.31. 310,254 shares of the stock traded hands, compared to its average volume of 176,638. The stock has a fifty day simple moving average of $27.07 and a 200 day simple moving average of $29.16. HealthStream, Inc. has a 12-month low of $25.36 and a 12-month high of $34.24. The firm has a market cap of $839.11 million, a price-to-earnings ratio of 42.25, a P/E/G ratio of 3.59 and a beta of 0.47.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its earnings results on Monday, August 4th. The technology company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. HealthStream had a net margin of 6.89% and a return on equity of 5.70%. The business had revenue of $74.40 million during the quarter, compared to the consensus estimate of $74.39 million. HealthStream has set its FY 2025 guidance at EPS. On average, equities research analysts expect that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a dividend of $0.031 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, August 18th. HealthStream's payout ratio is presently 17.91%.

HealthStream Profile

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company's solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.